Stakeholders Flashcards
What is a stakeholders?
A stakeholder is anyone with an interest in a business. They are individuals, groups or organisations that are affected by the activity of the organisation.
What are the two types of stakeholders?
Internal and external
Owners/shareholders
They are interested in how much profit the business makes, and the dividend they will receive
Managers
They are concerned about their salary, promotion prospects and potential benefits they may receive long term
Employees
They want to earn high wages and keep their jobs
Customers
They want the business to produce quality products at reasonable prices
Suppliers
They want the business to continue buying their products, which gives them a degree of security with honoured contracts and deals